Lonza reports rises in profits and sales

Lonza recorded an 18.2% rise in net profits for 2012 compared with 2011, to 182 million Swiss francs ($196 million). Sales for 2012 increased 45.8%, to SF3.92 billion. In early 2012 Lonza fired former CEO Stefan Borgas following weak financial results, and Richard Ridinger was appointed as the new CEO effective 1 May 2012. Lonza says it achieved solid sales growth in 2012 with stable market demand, and following the Arch acquisition, revenues increased by 45.8%. Lonza’s technology toolbox attracted new customers in all areas and led to satisfactory capacity...

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